Brokerages expect Hanmi Financial Corp (NASDAQ:HAFC) to post $54.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Hanmi Financial’s earnings, with the lowest sales estimate coming in at $54.00 million and the highest estimate coming in at $55.30 million. Hanmi Financial reported sales of $52.88 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.2%. The business is scheduled to announce its next quarterly earnings report on Tuesday, July 17th.
According to Zacks, analysts expect that Hanmi Financial will report full year sales of $221.88 million for the current year, with estimates ranging from $219.30 million to $225.60 million. For the next year, analysts anticipate that the business will post sales of $245.13 million per share, with estimates ranging from $240.80 million to $250.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hanmi Financial.
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Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, April 24th. The bank reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). Hanmi Financial had a net margin of 22.44% and a return on equity of 10.67%. The business had revenue of $50.99 million during the quarter, compared to analysts’ expectations of $55.17 million. During the same period in the previous year, the company posted $0.43 earnings per share.
HAFC has been the topic of several recent research reports. Zacks Investment Research lowered shares of Hanmi Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. ValuEngine raised shares of Hanmi Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. BidaskClub raised shares of Hanmi Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. Piper Jaffray Companies set a $31.00 price target on shares of Hanmi Financial and gave the company a “hold” rating in a report on Wednesday, April 25th. Finally, Raymond James lowered their price target on shares of Hanmi Financial from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $32.50.
NASDAQ:HAFC traded up $0.20 during mid-day trading on Friday, hitting $30.30. The company’s stock had a trading volume of 198,877 shares, compared to its average volume of 186,383. Hanmi Financial has a 1 year low of $25.45 and a 1 year high of $33.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $957.03 million, a price-to-earnings ratio of 16.74, a PEG ratio of 1.71 and a beta of 0.70.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Monday, May 7th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.17%. Hanmi Financial’s dividend payout ratio (DPR) is currently 53.04%.
Institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new position in shares of Hanmi Financial in the fourth quarter worth about $201,000. Cubist Systematic Strategies LLC acquired a new position in shares of Hanmi Financial in the first quarter worth about $208,000. Koch Industries Inc. acquired a new position in shares of Hanmi Financial in the first quarter worth about $232,000. Brinker Capital Inc. acquired a new position in shares of Hanmi Financial in the first quarter worth about $237,000. Finally, KBC Group NV acquired a new position in shares of Hanmi Financial in the first quarter worth about $263,000. Institutional investors and hedge funds own 89.18% of the company’s stock.
Hanmi Financial Company Profile
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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